Innovex International (INVX) Gross Margin (2009 - 2026)

Innovex International (INVX) reported Gross Margin of 35.35% for Q1 2026, up 353.0% on a YoY basis from 7.8% in Q1 2025, and up 22.27% quarter-over-quarter from 28.92% in Q4 2025.

Innovex International (INVX) Gross Margin (2009 - 2026) Analysis & Trends

Innovex International has reported Gross Margin for 18 years, with the latest figure at 35.35% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 353.0% year-over-year to 35.35%; the trailing twelve-month figure through Mar 2026 stood at 31.87% (down 177.0% YoY), and the FY2025 full-year result was 31.0%, down 420.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 35.35%, up from 28.92% in the prior quarter.
  • The five-year high for Gross Margin was 45.67% in Q4 2022, with the low at 23.02% in Q1 2022.
  • Historically, Gross Margin has averaged 32.28% across 5 years, with a median of 31.98% in 2025.
  • Annual changes were most pronounced in 2022 — Gross Margin soared 11115 bps — and 2023, when it sank 930 bps.
  • Innovex International's Gross Margin stood at 45.67% in 2022, then retreated by 20 bps to 36.38% in 2023, then decreased by 7 bps to 33.85% in 2024, then declined by 15 bps to 28.92% in 2025, then increased by 22 bps to 35.35% in 2026.
  • The last three Gross Margin figures came in at 35.35% (Q1 2026), 28.92% (Q4 2025), and 31.64% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Slb 83.64 Bn 81.43 Bn 4.67 Bn 53.57%
2 Baker Hughes 63.03 Bn 48.45 Bn 1.51 Bn 22.98%
3 Halliburton 33.15 Bn 31.20 Bn 2.04 Bn 37.69%
4 TechnipFMC 27.40 Bn 26.13 Bn 1.49 Bn 59.67%
5 Enerflex 8.81 Bn 8.75 Bn - -
6 Nov 7.52 Bn 6.24 Bn 119.00 Mn 5.80%
7 Weatherford International 7.29 Bn 6.24 Bn 876.00 Mn 76.04%
8 Archrock 6.12 Bn 6.11 Bn 247.42 Mn 66.20%
9 Kodiak Gas Services 5.77 Bn 5.68 Bn 222.88 Mn 64.46%
10 Innovex International 1.97 Bn 1.77 Bn 84.51 Mn 35.35%

Historic Data

Download Data
DateValue
Mar 31, 2026 35.35%
Dec 31, 2025 28.92%
Sep 30, 2025 31.64%
Jun 30, 2025 31.98%
Mar 31, 2025 31.82%
Dec 31, 2024 33.85%
Sep 30, 2024 34.70%
Jun 30, 2024 35.30%
Mar 31, 2024 38.35%
Dec 31, 2023 36.38%
Sep 30, 2023 35.88%
Jun 30, 2023 26.67%
Mar 31, 2023 27.91%
Dec 31, 2022 45.67%
Sep 30, 2022 25.45%
Jun 30, 2022 25.87%
Mar 31, 2022 23.02%
Dec 31, 2021 -65.48%
Sep 30, 2021 14.14%
Jun 30, 2021 16.15%